Moody’s expect a continuation of “upward pressure on house prices in Australia in an environment of low interest rates”

US ratings agency out with a note post-RBA 4 April
– expects Australian banks to raise interest rates on interest only loans to reduce growth in this sector
– effect of measures will be credit positive because they will curb growth in riskier mortgage loans against rising housing market
Earlier the RBA left interest rates as expected but as recent data/housing regulations suggests another rate cut is possible still.